Paytm

One97 Communications, the parent company of Paytm, gained 11% this week, reaching 1,603, marking its biggest weekly jump in four months, extending its strong recovery as investor sentiment around the fintech major remains positive following a series of favourable developments. The stock has continued to benefit from growing optimism around potential UPI monetisation, after the government considered introducing a nominal merchant discount rate (MDR) on a limited set of UPI merchant transactions above a certain threshold, while keeping consumer and person-to-person payments free.